What the 2026–27 Federal Budget Means for Individual Taxpayers and Investors

On Tuesday 12 May 2026, Treasurer Jim Chalmers handed down the Albotross Government Budget that, if legislated, will be the most significant shake-up of the tax treatment of investments in our lifetime. Three measures sit at the heart of it: a wind-back of negative gearing on residential property, the replacement of the 50% capital gains tax (CGT) discount with indexation PLUS a 30% minimum tax on CGT, and a brand-new 30% “minimum tax” on the taxable income of discretionary (family) trusts.